Wednesday, May 12, 2010 2:06:17 PM
A bullish signal is given when the Accumulation/Distribution Line forms a positive divergence. Be wary of weak positive divergences that fail to make higher reaction highs or those that are relatively young. The main issue is to identify the general trend of the Accumulation/Distribution Line. A two-week positive divergence may be a bit suspect. However, a multi-month positive divergence deserves serious attention.
This stock has produced a positive divergence since August 2009.
Who needs news to slap the ask. The chart I look at speeks for it's self; even on down days.
Gold is up $14.00 today and I believe the Accumulation/Distribution line for IDCN and the price of gold will match each other in the comming months. Again, who needs news?
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